It's all about "Supply and Demand"

There are those who believe if you just give money to the "rich" they will "make jobs".

Or that "tax cuts" for corporations remove "uncertainty", and if you give them money, they will "make jobs".

As if "make jobs" are "magic words".

The truth is, in a capitalistic society, it all revolves around "supply and demand". If there is demand and people can pay for it, jobs will be created and corporations will hire. It's "just that simple".

If no one in the Middle Class has any money and the only people with money are rich people, then there is no demand because no one can buy anything. If no one can buy anything, then there is no supply. With no supply, there are no jobs.

For this reason, huge tax cuts for rich people do nothing for the economy. It is simply moved off shore to shelters. Obviously, unemployment benefits will spur the economy simply because the money goes right back in to the economy.

So the "myth" that every thing "trickles down" from the rich can finally be put to bed.

Crann: I want to talk about the aspect of compromise, if we could here.

Ellison: Yes, compromise is important, and I think we do need to have a compromise. But if you want me to vote to extend all of the tax cuts, which is something I am loathe to do, I can't do it at the price that they're asking for. Crann: In order to get the extension on employment benefits, that's not worth it to you?

Ellison: I think it would be to the detriment of people who are seeking those unemployment benefits. And plus, there's other ways to get them. I think that we need to create a real crisis here so that the Republicans will have to answer for denying Americans unemployment benefits on the eve of the Christmas holiday.

Crann: I want to talk about the aspect of compromise, if we could here.

Ellison: Yes, compromise is important, and I think we do need to have a compromise. But if you want me to vote to extend all of the tax cuts, which is something I am loathe to do, I can't do it at the price that they're asking for. Crann: In order to get the extension on employment benefits, that's not worth it to you?

Ellison: I think it would be to the detriment of people who are seeking those unemployment benefits. And plus, there's other ways to get them. I think that we need to create a real crisis here so that the Republicans will have to answer for denying Americans unemployment benefits on the eve of the Christmas holiday.

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And you are completely correct. Democrats were "bought off". Republicans held hostage millions of Americans. Democrats caved in to Republicans demands so millions would not be left with not even a chunck of coal for Christmas. The difference between Republicans and Democrats. Republicans would be more than willing to ruin the lives of millions of Americans so a very few super rich could get a couple of unasked for and unneeded "bucks".

There are those who believe if you just give money to the "rich" they will "make jobs".

Or that "tax cuts" for corporations remove "uncertainty", and if you give them money, they will "make jobs".

As if "make jobs" are "magic words".

The truth is, in a capitalistic society, it all revolves around "supply and demand". If there is demand and people can pay for it, jobs will be created and corporations will hire. It's "just that simple".

If no one in the Middle Class has any money and the only people with money are rich people, then there is no demand because no one can buy anything. If no one can buy anything, then there is no supply. With no supply, there are no jobs.

For this reason, huge tax cuts for rich people do nothing for the economy. It is simply moved off shore to shelters. Obviously, unemployment benefits will spur the economy simply because the money goes right back in to the economy.

So the "myth" that every thing "trickles down" from the rich can finally be put to bed.

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Supply and demand is two sided equation, not one sided. You can have all the demand in the world, but if you cut off the supply there will be no jobs. That is shy Bush worked for an across the board tax cut that benefited everyone in the country. The Democrats are, like you, confused about how this works. They think they can stimulate demand while killing the supply side and that everything will be OK.

There are those who believe if you just give money to the "rich" they will "make jobs".

Or that "tax cuts" for corporations remove "uncertainty", and if you give them money, they will "make jobs".

As if "make jobs" are "magic words".

The truth is, in a capitalistic society, it all revolves around "supply and demand". If there is demand and people can pay for it, jobs will be created and corporations will hire. It's "just that simple".

If no one in the Middle Class has any money and the only people with money are rich people, then there is no demand because no one can buy anything. If no one can buy anything, then there is no supply. With no supply, there are no jobs.

For this reason, huge tax cuts for rich people do nothing for the economy. It is simply moved off shore to shelters. Obviously, unemployment benefits will spur the economy simply because the money goes right back in to the economy.

So the "myth" that every thing "trickles down" from the rich can finally be put to bed.

Click to expand...

Supply and demand is two sided equation, not one sided. You can have all the demand in the world, but if you cut off the supply there will be no jobs. That is shy Bush worked for an across the board tax cut that benefited everyone in the country. The Democrats are, like you, confused about how this works. They think they can stimulate demand while killing the supply side and that everything will be OK.

Click to expand...

Concentrating the wealth of the nation into the hands of a very few cuts off "supply". The "supply" of money. Without money, what good is "demand"? Can it be any more obvious?

Money earned by folks who live hand to mouth gets spent immediately so it has more velocity, performs more transactional work and stimulates more economic activity then money earned by corps or wealthier individuals who hoard.

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